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What causes the short - run aggregate supply curve or SRAS to shift to the left?...
1. . (Figure: Determining SRAS Shifts) If there are advances in technology, the short-run aggregate supply...
1.
.
(Figure: Determining SRAS Shifts) If there are advances in
technology, the short-run aggregate supply curve will shift from
SRAS0 to _____ and the price level will shift to
_____.
SRAS1; P0
SRAS2; P2
SRAS2; P1
SRAS1; P1
2.
Simultaneous recession and deflation can be explained by:
a decrease in aggregate supply.
an increase in aggregate supply.
a decrease in aggregate demand.
an increase in aggregate demand.
3.
Which is a determinant of aggregate supply?
household expectations
prices of...
Describe the short-run aggregate supply (SRAS) curve and the long-run aggregate supply (LRAS) curve. A. the...
Describe the short-run aggregate supply (SRAS) curve and the long-run aggregate supply (LRAS) curve. A. the SRAS curve is horizontal and the LRAS curve is upward sloping B. the SRAS curve is horizontal and the LRAS curve is vertical C. the SRAS curve is vertical and the LRAS curve is horizontal D. the SRAS curve is vertical and the LRAS curve is upward sloping Why is the short-run aggregate supply curve horizontal? A. because output is fixed in the short...
Figure 35-8. The left-hand graph shows a short-run aggregate-supply (SRAS) curve and two aggregate-demand (AD) curves....
Figure 35-8. The left-hand graph shows a short-run aggregate-supply (SRAS) curve and two aggregate-demand (AD) curves. C the right-hand diagram, "Inf Rate" means "Infation Rate." Inf Rate AS AS AD PC2 PC Refer to Figure 35.8. Faced with the shift of the Phillips curve from PC, to PC2, policymakers will O a ask whether the shift is temporary or permanent. O b. be concerned with how people adjust their expectations of inflation as a result of the shift. O c....
Question 3 Which of the following causes the SRAS curve to shift left? O A decrease in the money supply An increase...
Question 3 Which of the following causes the SRAS curve to shift left? O A decrease in the money supply An increase in the Marginal Propensity to Consume An increase in the price of oil An increase in the amount of human capital A decrease in the actual price level Question 4 Suppose the economy is in its long run equilibrium. If there is a decrease in consumption, what happens in the short run? Price level rises and output rises...
17- Both the long run and short run aggregate supply curve will shift when an event...
17- Both the long run and short run aggregate supply curve will shift when an event occurs which is expected to last only a short period of time. they are both upward sloping. a war occurs in the Middle East. the endowments of the factors of production changes 19- Cost-push inflation occurs when the aggregate supply curve shifts to the right, while aggregate demand remains stable. when the aggregate demand curve shifts to the left, while aggregate supply remains stable....
In each of the following cases, what is the effect on the short-run aggregate supply (SRAS)...
In each of the following cases, what is the effect on the short-run aggregate supply (SRAS) curve? An increase labor supply A. does not shift the SRAS curve. O B. shifts the SRAS curve downward OC. shifts the SRAS curve upward An increase in the money supply A. shifts the SRAS curve downward. O B. shifts the SRAS curve upward O C. does not shift the SRAS curve. An increase in consumption A. B. C. shifts the SRAS curve upward....
1. Which of the following causes the SRAS curve to shift left? A. A decrease in...
1. Which of the following causes the SRAS curve to shift left? A. A decrease in the money supply b. An increase in the Marginal Propensity to Consume c. An increase in the price of oil d. An increase in the amount of human capital e. A decrease in the actual price level 2. Suppose the economy is in its long run equilibrium. If there is a decrease in consumption, what happens in the short run? a. Price level rises...
2. Phillips Curve. An economy has the following functions for its short run aggregate supply (SRAS),...
2. Phillips Curve. An economy has the following functions for its short run aggregate supply (SRAS), Okun's Law (OL), and Phillips Curve (PC): SRAS: P = EP + (1/2)(y - 3) OL: (Y-Y) = -4(u-u") PC:T = ET - (1/5)( - 6) The economy begins at its natural rate of output with a stable price level equal to $5. a.) Output is at its natural level when the price level is equal to expectations. Calculate the natural rate of output...
(Figure: Determining SRAS Shifts) If there is a decrease in input prices, the short-run aggregate supply...
(Figure: Determining SRAS Shifts) If there is a decrease in input prices, the short-run aggregate supply curve will shift from SRAS, to _____ and the price level will shift to SRASZ SRAS. SRAS, P2 Aggregate Price Level (P) РО PL AD 0 Q2 QO Q Aggregate Output (Q) SRAS1: P1 SRAS2: P2
In each of the following cases, what is the effect on the short-run aggregate supply (SRAS)...
In each of the following cases, what is the effect on the short-run aggregate supply (SRAS) curve? An increase in firm costs A. does not shift the SRAS curve. B. shifts the SRAS curve upward. C. shifts the SRAS curve downward. An increase in the money supply A. shifts the SRAS curve upward. B. shifts the SRAS curve downward. C. does not shift the SRAS curve. An increase in consumption A. shifts the SRAS curve downward. B. does not shift...
1.
.
(Figure: Determining SRAS Shifts) If there are advances in
technology, the short-run aggregate supply curve will shift from
SRAS0 to _____ and the price level will shift to
_____.
SRAS1; P0
SRAS2; P2
SRAS2; P1
SRAS1; P1
2.
Simultaneous recession and deflation can be explained by:
a decrease in aggregate supply.
an increase in aggregate supply.
a decrease in aggregate demand.
an increase in aggregate demand.
3.
Which is a determinant of aggregate supply?
household expectations
prices of...
Figure 35-8. The left-hand graph shows a short-run aggregate-supply (SRAS) curve and two aggregate-demand (AD) curves. C the right-hand diagram, "Inf Rate" means "Infation Rate." Inf Rate AS AS AD PC2 PC Refer to Figure 35.8. Faced with the shift of the Phillips curve from PC, to PC2, policymakers will O a ask whether the shift is temporary or permanent. O b. be concerned with how people adjust their expectations of inflation as a result of the shift. O c....
Question 3 Which of the following causes the SRAS curve to shift left? O A decrease in the money supply An increase in the Marginal Propensity to Consume An increase in the price of oil An increase in the amount of human capital A decrease in the actual price level Question 4 Suppose the economy is in its long run equilibrium. If there is a decrease in consumption, what happens in the short run? Price level rises and output rises...
In each of the following cases, what is the effect on the short-run aggregate supply (SRAS) curve? An increase labor supply A. does not shift the SRAS curve. O B. shifts the SRAS curve downward OC. shifts the SRAS curve upward An increase in the money supply A. shifts the SRAS curve downward. O B. shifts the SRAS curve upward O C. does not shift the SRAS curve. An increase in consumption A. B. C. shifts the SRAS curve upward....
2. Phillips Curve. An economy has the following functions for its short run aggregate supply (SRAS), Okun's Law (OL), and Phillips Curve (PC): SRAS: P = EP + (1/2)(y - 3) OL: (Y-Y) = -4(u-u") PC:T = ET - (1/5)( - 6) The economy begins at its natural rate of output with a stable price level equal to $5. a.) Output is at its natural level when the price level is equal to expectations. Calculate the natural rate of output...
(Figure: Determining SRAS Shifts) If there is a decrease in input prices, the short-run aggregate supply curve will shift from SRAS, to _____ and the price level will shift to SRASZ SRAS. SRAS, P2 Aggregate Price Level (P) РО PL AD 0 Q2 QO Q Aggregate Output (Q) SRAS1: P1 SRAS2: P2
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